In his annual letter to shareholders of Berkshire Hathaway (BRKB), investing guru Warren Buffett disclosed that the company took an $11 billion writedown last year on its 2016 purchase of Precision Castparts, describing it as "a mistake." The 90-year-old billionaire, Berkshire's chairman since 1970, said in the company's annual letter to shareholders that the "ugly" writedown had a simple explanation.
Federal prosecutors on Wednesday announced charges against three North Korean government hackers accused of participating in a wide range of cyberattacks, including the destructive 2014 assault on Sony Pictures Entertainment hack, the global WannaCry ransomware attack in 2017 and a range of digital bank heists.
Gefälschte Treuhandkonten gibt es bei Wirecard wohl nicht erst seit dem vergangenen Jahr. Auch vermeintliche Unterlagen des ehemaligen Treuhänder Citadelle sind offenbar nicht echt.
Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans.
The messaging service Viber, the fifth biggest with more than a billion users around the world, is severing all ties to Facebook as part of a growing boycott of the company by commercial partners.
Das geht aus einem vom Wirtschaftsministerium als Verschlusssache eingestuften Dokument hervor. Die Türkei war damit das zweite Jahr in Folge die Nummer eins unter den Empfängerländern deutscher Kriegswaffen. Insgesamt wurden im vergangenen Jahr Waffen mit einem Wert von 823,6 Millionen Euro exportiert.
Die deutsche Wirtschaft ist im ersten Halbjahr 2020 in noch nie da gewesenem Maße geschrumpft: Die wirtschaftliche Gesamtleistung im zu Ende gehenden zweiten Quartal dürfte real um nahezu 14 Prozent geringer sein als im Schlussquartal 2019.
Die Verhandlungen über die künftige Beziehung geraten ins Stocken: Der Premier will nicht länger im Binnenmarkt bleiben, aber auch keine Zugeständnisse machen.
With more than 10 million men out of work and millions more working from home, perhaps indefinitely, this is not the best time to be selling men's dress clothes.
Die deutschen Exporte sind wegen der Corona-Rezession bei vielen wichtigen Handelspartnern so drastisch eingebrochen wie noch nie. Der Wert der Warenausfuhren sank gegenüber dem Vorjahresmonat um 31,1 Prozent auf 75,7 Milliarden Euro, wie das Statistische Bundesamt in Wiesbaden mitteilte.
CDC signs off on Johnson & Johnson vaccine
The Centers for Disease Control and Prevention (CDC) on Sunday formally accepted the recommendation from its advisory panel that Johnson & Johnson's COVID-19 vaccine can be given to people ages 18 and older in the United States. The announcement by CDC Director Rochelle Walensky will allow vaccinations to begin as soon as the doses are received. Walensky called the decision "another milestone toward an end to the pandemic."
News outlets diverge over airing Trump's speech
CNN and MSNBC did not air former President Trump's speech at the Conservative Political Action Conference (CPAC) on Sunday while Fox News and other conservative outlets such as Newsmax and OANN carried his remarks live. Fox News began airing Trump's speech after the former president took to to the stage at 5 p.m. ET on Sunday. CNN continued on with coverage of the coronavirus pandemic and MSNBC continued to air its "PoliticsNation" program, though it aired a short clip from the speech.
Federal Reserve suffers widespread disruption
The Federal Reserve suffered a widespread disruption in multiple payment services Wednesday, including a system that banks and businesses rely on to zip trillions of dollars around the financial system each day. After experiencing problems for several hours, the crucial payment system, known as Fedwire, resumed normal operations shortly before 3 p.m. ET, according to the Fed's website.
Twitter permanently suspends 'Project Veritas' group
Twitter permanently suspended an account belonging to Project Veritas on Thursday, citing repeat violations of the site's policies against publishing private information. A Twitter spokesperson confirmed that the main Project Veritas account was permanently suspended, while founder James O'Keefe had his account temporarily locked. Several recent tweets on O'Keefe's timeline appeared to have been deleted by Thursday afternoon. Twitter did not immediately return a request for comment regarding private information shared by Veritas and O'Keefe.
Democrats blast Facebook over anti-vaccine pages
Reps. Jimmy Gomez (D-Calif.) and Mark Pocan (D-Wis.) blasted Facebook over anti-vaccine pages on its platform. The Democrats wrote a letter to Facebook CEO Mark Zuckerberg demanding to know why anti-vaccination pages are allowed to spread misinformation on the platform, and how the company plans to remove them. The letter comes after anti-vaccine demonstrators staged a protest at Dodgers Stadium on Saturday, forcing the Los Angeles Fire Department to close the gates for roughly an hour.